TDH Holdings, Inc. (NASDAQ:PETZ) Short Interest Down 54.8% in June

TDH Holdings, Inc. (NASDAQ:PETZ) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 86,671 shares, a drop of 54.8% from the May 31st total of 191,646 shares. Based on an average daily trading volume, of 197,245 shares, the short-interest ratio is currently 0.4 days. Currently, 0.9% of the shares of the company are short sold.

Hedge Funds Weigh In On TDH

A hedge fund recently bought a new stake in TDH stock. Citadel Advisors LLC bought a new position in shares of TDH Holdings, Inc. (NASDAQ:PETZ) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 34,361 shares of the company’s stock, valued at approximately $38,000. Citadel Advisors LLC owned 0.33% of TDH at the end of the most recent quarter. Hedge funds and other institutional investors own 0.01% of the company’s stock.

TDH Stock Performance

NASDAQ PETZ opened at $1.31 on Monday. The firm has a 50-day moving average of $1.17 and a 200-day moving average of $1.12. TDH has a 52-week low of $0.81 and a 52-week high of $1.82.

TDH (NASDAQ:PETZ) last announced its quarterly earnings results on Monday, April 20th. The company reported $0.02 EPS for the quarter. The company had revenue of $0.33 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised TDH from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About TDH

PETZ Ltd. (NASDAQ: PETZ) is a leading specialty retailer in the pet care sector, offering a comprehensive range of products and services for companion animals. The company’s retail footprint spans both brick-and-mortar stores and an e-commerce platform, providing customers with pet food, accessories, supplies and healthcare solutions. In addition to its merchandise offerings, PETZ operates in-store veterinary clinics, grooming salons and boarding facilities, positioning itself as a one-stop destination for pet owners seeking convenience and expertise.

Founded in 2002 by Aristides V.